Rexford Industrial Realty, Inc. $REXR Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 426,840 shares of the real estate investment trust’s stock after selling 30,900 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.18% of Rexford Industrial Realty worth $17,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Wealth Asset Management LLC grew its position in shares of Rexford Industrial Realty by 1.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 278 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Rexford Industrial Realty by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 293 shares during the period. Summit Investment Advisors Inc. lifted its position in Rexford Industrial Realty by 0.7% during the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock worth $1,753,000 after buying an additional 308 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Rexford Industrial Realty by 0.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust’s stock worth $4,177,000 after acquiring an additional 311 shares during the period. Finally, Covestor Ltd raised its stake in Rexford Industrial Realty by 6.2% during the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 359 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 20,318 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the sale, the chief executive officer owned 602,288 shares of the company’s stock, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 57,118 shares of company stock worth $2,345,706 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $38.97 on Monday. The stock has a market capitalization of $9.07 billion, a P/E ratio of 45.85, a P/E/G ratio of 2.50 and a beta of 1.23. The firm’s 50-day moving average price is $40.17 and its two-hundred day moving average price is $40.54. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. The company has a quick ratio of 2.95, a current ratio of 2.51 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same period in the prior year, the firm earned $0.58 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.5%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio is presently 202.35%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on REXR. Cantor Fitzgerald cut their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday. Evercore dropped their price target on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Wolfe Research downgraded Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday, October 20th. Finally, Mizuho raised their price objective on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $42.83.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.